Protesters flood streets of Washington and other cities in huge, peaceful push for change Large protests also took place in major cities overseas, including London, Paris, Berlin and SydneyTens of thousands of protesters streamed into the nation’s capital and other major cities Saturday in another huge mobilization against police brutality, while George Floyd was remembered in his North Carolina hometown by mourners who waited hours for a glimpse of his golden coffin.

The only way to truly solve the race problem in America is to narrow the wealth gap, black economists say Black people are poor relative to white people; nothing has changed in 70 yearsIf America really wants to solve racial problems, including police brutality, it would tackle the stunning chasm between the wealth of black people and white people, black economists say.

‘We are saving every penny we can’: What life could look like for this 66-year-old man when he loses all his unemployment benefits next month The extra $600 week provided under the CARES Act has been ‘a godsend’ to Ray Maslyk, who has been out of work for almost two monthsThe extra $600 week provided under the CARES Act has been ‘a godsend’ to Ray Maslyk, who has been out of work for almost two months.

What George Floyd and Christian Cooper have in common ‘When someone is considered ‘the other,’ naturally we do not see them as one of us or carrying the same morals and values’‘When someone is considered ‘the other,’ naturally we do not see them as one of us or carrying the same morals and values.’

A Shockingly Good Monthly Jobs Report Doesn’t Mean a Quick Economic Recovery
The U.S. added 2.51 million jobs in May, defying expectations for another decline. But it could take years for employment to return to February’s level.

Minneapolis-based U.S. Bancorp to spend over $115 million to address 'economic and racial inequities'U.S. Bancorp said Friday that in response to the George Floyd tragedy, it will commit $100 million in capital a year to African-American owned and led businesses or organizations, as the Minneapolis-based bank looks to address "systemic economic and racial inequities." The bank also said it will establish a $15 million fund to award community grants focused on addressing racial inequities in small business, affordable housing and workplace development, and invest $1 million to its employee assistance fund, which supports employees facing hardships. The company said it will double partnerships with African-American suppliers in the next 12 months. In Minneapolis, the bank said it will break ground "as soon as possible" to repair branches and facilities damaged during the civil unrest, and will work to repair other damaged facilities across the country. For its employees, it will provide an additional eight hours of paid time off to volunteer in their communities during the next two months, in addition to the 16 hours of paid time off they already receive for volunteering. The stock, which rose 7.0% in afternoon trading, has dropped 27.7% year to date, while the SPDR S&P Bank ETF has shed 21.7% and the S&P 500 has slipped 0.9%.

‘We basically had less than 24 hours to mobilize.’ This Chicago neighborhood was battling coronavirus — then the demolition happened Little Village, a heavily Mexican-American neighborhood, has been a gateway to the Midwest for generations of immigrantsLittle Village, a heavily Mexican-American neighborhood, has been a gateway to the Midwest for generations of immigrants.

Millions of people of color have NO access to affordable health care or quality education — 2 million Americans lack running water The causes of social unrest go much deeper than the most recent police brutality The causes of social unrest go much deeper than the most recent police brutality.

The Pre-Coronavirus Economy Wasn’t All That Strong. What It Means for the Recovery.
Amir Sufi, a professor with the University of Chicago’s Booth School of Business, explains why many economic indicators are deceiving, and don’t reflect economic reality

Most California curfews lifted as peaceful protests continue Lawmakers pause to observe 8:46 of silence to mark George Floyd’s deathAfter days of raucous protests accompanied by sporadic violence and scattered looting that led to deployment of the National Guard, Los Angeles, San Francisco and most other cities in California anxiously lifted curfews Thursday amid more peaceful demonstrations.

Slack revenue tops $200 million for first time, but stock tanks after slight forecast changeSlack Technologies Inc. revenue topped $200 million in a quarter for the first time, but the stock still sank hard Thursday afternoon after closing at record highs in recent days.

From Obama on down, there’s just empty rhetoric from the black political class amid George Floyd protests Unlike Martin Luther King and others, they take no risks, and they avoid being held accountable by setting no moral standardUnlike Martin Luther King and others, they take no risks, and they avoid being held accountable by setting no moral standard.

Mortgage rates are at historic lows — but the coronavirus pandemic is making homes less affordable for buyers Young home-buyers are at an especial disadvantage in today’s housing marketYoung home-buyers are at an especial disadvantage in today’s housing market.

Should you attend college next fall? Before deciding, here are all the questions you should NOT be afraid to ask Questions families to consider amid the coronavirus pandemic cover students’ financial, physical and mental healthQuestions families to consider amid the coronavirus pandemic cover students’ financial, physical and mental health.

Trump needs to ‘get out of the way’ — former Republican governor of NJ Rather than calming, the president is rubbing ‘rhetorical salt in our country’s open wound of racism’Rather than calming, the president is rubbing “rhetorical salt in our country’s open wound of racism,” writes Christine Todd Whitman.

Government backstop grows to 98% of new financing in residential mortgage-bond market during pandemic COVID-19 has “completely upended” progress toward reducing government’s hold on mortgage finance, says Barclay’s Dennis LeeThe government is dominating the $11 trillion U.S. housing debt market more than before the pandemic, as private sources of capital evaporate, according to Barclays.

‘The housing emergency most harms people of color:’ Black Americans face an unequal housing market — and coronavirus could make it worse ‘Without focused action, the pending tsunami of evictions and homelessness will disproportionately affect Black and brown people’‘Without focused action, the pending tsunami of evictions and homelessness will disproportionately affect Black and brown people.’

As Protests Rage, Community-Development Funds Watch for Fallout
“We’re doing address checks on the properties, and reaching out to a lot of people, particularly in Minneapolis but in other cities and markets as well,” says one fund manager.

Hong Kong’s Lam criticizes ‘double standards’ over protests Lam said Americans ‘take their own country’s national security very seriously’Hong Kong’s leader on Tuesday criticized the “double standards” of foreign governments regarding national security, pointing to the current unrest in the United States as an example of how attitudes differ when protests hit home.

Buy Lowe’s Stock Because 2020 Could Be the ‘Year of the Backyard’
Gordon Haskett argues that the home improvement retailer will continue to benefit from consumer demand even after stay-at-home orders are lifted.

What the Democrats must do To avoid another lost decade, everyone who wants to work should be able to find a jobThe Democratic Party must commit to the principle that every American who wants a job should be able to find one.

Warning of ‘green swan’ risks, climate group Ceres and bipartisan supporters lay out 50-step plan for markets and regulators U.S. lags counterparts in China, Europe, the U.K., South America and Canada in responding to climate change as a systemic risk — including in tie-ins with COVID-19 responseA new report outlines how and why U.S. financial regulators, who are responsible for protecting the stability and competitiveness of the U.S. economy, need to recognize and act on climate change as a systemic risk

Dial down your debt payments to preserve cash If you’re income has taken a beating, paying off debt isn’t as important right nowIt might seem odd to focus on savings, but gathering cash will give you more flexibility in the next emergency.

All the ways assisted living and senior housing could serve residents better A lack of social and mental stimulation and inability to connect digitally leaves seniors confused and isolatedTotal shutdown and isolation has left a resident with Parkinson’s confused and alone.

U.S. construction spending drops 2.9% in AprilSpending for U.S. construction projects dropped a smaller than expected 2.9% in April, the Commerce Department said Monday. Analysts polled by MarketWatch had forecast a 6.8% plunge due to the coronavirus pandemic. Residential construction sank 4.5% in April, but spending on construction projects outside the housing sector fell a much smaller 1.8%. Yet economists still expect construction spending to weaken since so many projects were planned before COVID-19 devastated the economy. Outlays are likely to soften further in May and June, they predict.

Is this a good time to buy a home? Here’s what you need to know to score a deal ‘Investors who own Airbnb properties are looking for immediate liquidity’‘Investors who own Airbnb properties are looking for immediate liquidity.’

We’re at month 2: Tracking the Fed’s efforts to keep credit flowing during the coronavirus pandemic New York’s MTA wants access to municipal facilityThe Federal Reserve is promising it has more firepower to use if a second wave of coronavirus infections hit the U.S., as more states unfurl plans to reopen after roughly two months of lockdowns.

How the coronavirus pandemic could forever change home buying and mortgage lending Borrowers and lenders will face these 3 new and unfamiliar ways of doing businessBorrowers and lenders will face these 3 new and unfamiliar ways of doing business, writes Sanjiv Das.

Social Security recipients may be in for a rude awakening later this year There’s a larger problem: aligning retiree spending with Social Security checks There’s a larger problem: aligning retiree spending with Social Security checks

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